Acquisition expands IPS renewables and power management capabilities across its North American network.
Greenville, SC (June 1, 2022) – IPS, a North American leader in the service and repair of driven equipment and power management systems, has acquired ABB’s U.S. and Canadian hydro generator rewind businesses. The sale, which was signed on March 18, 2022, and closed today, includes ABB’s Beloeil, Quebec coil manufacturing facility and its Denver, Colorado service center. IPS has also acquired ABB’s transformer repair business, to service, repair and remanufacture various transformer types, including legacy General Electric equipment.
The acquisition expands the IPS renewables portfolio, with engineering, design history and technical skills for hydro generator service and repair up to 250mW. ABB’s Denver facility, highly skilled in the repair of hydro generators, transformers, motors, and switchgear and long considered a center of excellence for General Electric will also support the growing IPS power distribution business.
The deal complements the recent IPS platform investment in National Switchgear and National Field Service. By combining ABB’s transformer and switchgear business with National’s operations, IPS adds remanufacturing capabilities to National’s NETA-certified Transmission and Distribution, and Protection and Control services. IPS now offers remanufacturing and service capabilities in transformers up to 40 MVA and switchgear up to 38 kV.
“This transaction represents an exciting addition to our renewables portfolio and the power management and power distribution capabilities of our North American network,” said John Zuleger, IPS President and CEO. “This business adds decades of General Electric intellectual property to our engineering portfolio. We look forward to introducing both existing and new customers of these businesses to IPS’s trusted advisor, single-source capabilities and our Unmatched Customer Experience.”
For more information on IPS and its latest acquisition, or to arrange an interview with IPS senior management, contact Megan Thompson, IPS Director of Marketing, at 864.451.5636 or email@example.com.
About Integrated Power Services
IPS is the leading North American solution provider for power management, electro-mechanical and rotating assets. The company serves over 8,000 customers across a wide range of industries, including power generation, utilities, water and wastewater, petrochemicals, air separation, oil & gas, metals, mining, paper, aggregates and cement. Headquartered in Greenville, South Carolina, IPS has the industry’s largest network of locations, with repair centers and field service offices across North America, combining industry-specific experience with comprehensive engineering resources to deliver reliability to customers.
IPS services include engineering, in-shop repair, on-site field services, distribution, motor storage programs and contract manufacturing. For more information, visit www.ips.us.